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Devyser Diagnostics AB (DVYSR) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Devyser Diagnostics AB SEK 19.59, price SEK 52.30, upside -62.5%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Healthcare · SE · ISIN SE0016588867

DD Some data Sep 24, 2026

Devyser Diagnostics AB

DVYSR · ST

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value kr 19.59 · Strongly overvalued (−63%)
!Quality 63/100
!Mixed Growth (revenue 5y +30.7 %/yr)
!Thin margins · 5.8% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (6/13)
!Narrow moat 37/100
!Insider activity 35/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 17 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 157.80 kr 52.30 Fair Value kr 19.59 Dec 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

57‑month range kr 52.30 – kr 157.80 · fair‑value band kr 13.98 – kr 29.68 · the kr 52.30 price screens above the kr 19.59 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Devyser Diagnostics AB (publ) provides diagnostic kits and advanced analysis services for clinical genetics and post-transplantation laboratories in Sweden, rest of Europe, the Middle East, and Africa.

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Devyser Diagnostics AB (publ) provides diagnostic kits and advanced analysis services for clinical genetics and post-transplantation laboratories in Sweden, rest of Europe, the Middle East, and Africa. It offers kits and reagents, such as post-transplantation, thalassemia, fetal RHD screening NIPT, Cystic fibrosis cardiovascular diseases, male infertility, rapid aneuploidy analysis, accessories, hereditary cancer, and transfusion medicine products; and Amplicon Suite and Advyser for cloud-based software solutions for data analysis and the interpretation of test results. The company was incorporated in 2004 and is headquartered in Årsta, Sweden.

Stock analysis

Devyser Diagnostics AB (DVYSR) currently trades at kr 52.30, while our model-based Fair Value estimate is kr 19.59, implying the stock looks roughly 167.0% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of kr 20.12 per share, and 0 of the 14 models we run sit above the kr 52.30 price.

Bear case: the Earnings-Based group reads lowest at kr 7.12, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.

Scenario range: kr 13.98 (bear) to kr 29.68 (bull), the price of kr 52.30 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 63/100 (solid quality), in the Healthcare sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Devyser Diagnostics AB reported revenue of 251M SEK in FY2025 versus 93.5M SEK in FY2021, a compound +27.9%/yr. Reported net income was −8.4M SEK in FY2025.

Key figures

Market cap 1.0B SEK (≈ $102M) · P/E ratio 58.1 · P/S ratio 3.95 · EPS (TTM) kr 0.9000 · Net margin −3.4% · Return on equity 4.4% · Return on assets (EBIT) −7.4% · Operating margin 4.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 64% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at 5% fair-value upside, at −63%, DVYSR screens richer than that median.

Fair Value models

Bear kr 13.98 Fair Value kr 19.59 Bull kr 29.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.6608 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF kr 14.13 kr 17.96 kr 29.13 80
Growth DCF kr 13.52 kr 18.58 kr 27.58 78
Owner Earnings kr 20.50 kr 35.84 kr 62.61 74
All 14 models by family
DCF Models
FCF DCF kr 14.13 kr 17.96 kr 29.13 80
Owner Earnings kr 20.50 kr 35.84 kr 62.61 74
5Y Revenue Exit kr 11.96 kr 16.59 kr 26.23 72
5Y EBITDA Exit kr 23.22 kr 39.31 kr 70.92 72
10Y Revenue Exit kr 12.55 kr 20.12 kr 24.40 68
10Y EBITDA Exit kr 19.77 kr 40.77 kr 78.17 64
Earnings-Based
EPV kr 6.85 kr 7.12 kr 7.34 74
Multiples
EV/EBIT kr 12.65 kr 15.33 kr 18.02 66
EV/EBITDA kr 28.18 kr 36.04 kr 43.90 67
EV/Revenue kr 10.34 kr 12.81 kr 15.27 54
Asset-Based
NCAV (Graham) kr 10.55 kr 14.14 kr 21.10 54
Growth DCF
Growth DCF kr 13.52 kr 18.58 kr 27.58 78
Rev-Margin DCF kr 12.14 kr 18.32 kr 30.16 71
Economic Profit
ROIC Compounder kr 6.85 kr 7.12 kr 7.34 72

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Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 15

Profitability 27
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 69
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+15.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.7%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−10.6% (2020) → 4.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+51.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+19.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +48.9% a year for the price and +17.4% for the forecasts.
Forecast 2026 (sales)+20.1%
Forecast 2027 (sales)+23.8%
Projected 2028 (sales)+21.1%
Projected 2029 (sales)+18.3%
Projected 2030 (sales)+15.6%

DVYSR screens 167% overvalued. Compare with Abbott Laboratories, →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Devices · 365 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 63 · Above median
Fair Value upside −63% · Bottom 25%
Profitability
Return on equity (TTM) 4% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 5% · Below median
Growth and dividend
Revenue growth 13% · Above median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Medical Devices median · lower = cheaper

P/E (TTM) 58.1× · Priciest 25%
P/B 2.87× · Pricier than median
P/S (TTM) 3.95× · Pricier than median
P/FCF 15.3× · Pricier than median
EV/EBITDA 21.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 10
FUTURE (revenue growth)64 · sector 31
PAST (return on equity)17 · sector 7
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 40

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $101.07 $74.79 −26%
Medtronic plc MDT $89.30 $65.57 −27%
Stryker Corporation SYK $269.75 $296.73 +10%
Boston Scientific Corporation BSX $44.62 $49.08 +10%
Edwards Lifesciences Corporation EW $86.82 $82.04 −6%
Siemens Healthineers AG SHL €37.21 €35.22 −5%
DexCom, Inc DXCM $87.73 $96.50 +10%
GE HealthCare Technologies Inc GEHC $66.27 $69.62 +5%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥156.68 ¥172.35 +10%
Koninklijke Philips N.V PHIA €21.85 €15.32 −30%

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Cite: Fair Value Calculator (2026). "Devyser Diagnostics AB Fair Value". https://www.fairvalue-calculator.com/stock/DVYSR

Frequently asked questions

Is Devyser Diagnostics AB (DVYSR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 19.59 versus a price of kr 52.30, about −63% upside (overvalued).
What is the fair value of DVYSR?
Our model-based fair value for Devyser Diagnostics AB is kr 19.59 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 52.30.
What is the quality score of DVYSR?
Devyser Diagnostics AB has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Devyser Diagnostics AB (DVYSR)?
Our model-based price target is the fair value of kr 19.59 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario kr 13.98, optimistic scenario kr 29.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Devyser Diagnostics AB stock forecast for 2026?
Our models put fair value at kr 19.59, about −63% upside versus a price of kr 52.30 (overvalued). Cautious scenario kr 13.98, optimistic scenario kr 29.68. The calculation is refreshed regularly with new filings.
What is the revenue of Devyser Diagnostics AB (DVYSR)?
Devyser Diagnostics AB reported trailing-twelve-month revenue of about 258M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Devyser Diagnostics AB (DVYSR)?
For today's price to be fair in a discounted-cash-flow model, Devyser Diagnostics AB would have to grow free cash flow by +51.8 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +30.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DVYSR use?
Our models discount Devyser Diagnostics AB at 11.9 %: a base by market capitalisation (micro), damped by beta 0.82, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Devyser Diagnostics AB that is +51.8 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Devyser Diagnostics AB (DVYSR) delivered so far?
Over the past 5 years revenue at Devyser Diagnostics AB grew +30.7 % a year. The price currently implies +51.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Devyser Diagnostics AB (DVYSR) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Devyser Diagnostics AB (+51.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Devyser Diagnostics AB (DVYSR)?
The free-cash-flow yield on the price is 0.77 %: that much free cash flow Devyser Diagnostics AB produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Devyser Diagnostics AB (DVYSR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Devyser Diagnostics AB it is kr 19.59 per share (as of Sep 24, 2026), against a price of kr 52.30. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Devyser Diagnostics AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DVYSR trades above its calculated fair value: price kr 52.30, fair value kr 19.59, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DVYSR?
No. The price is what the market pays today (kr 52.30); the fair value is what the company's own numbers justify (kr 19.59). For Devyser Diagnostics AB the two are kr 32.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Devyser Diagnostics AB worth?
The market values Devyser Diagnostics AB at about 1.0B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 52.30; our models calculate a fair value of kr 19.59 per share.
What do the bullish and bearish scenarios say about DVYSR?
Our models span a range for Devyser Diagnostics AB: cautious scenario kr 13.98, base kr 19.59, optimistic kr 29.68 per share (as of Sep 24, 2026, price kr 52.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DVYSR?
Devyser Diagnostics AB trades at a price-to-earnings ratio of 58.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 19.59 is built from several models across several years. Other multiples: P/B 2.9, P/S 4.0, EV/EBITDA 21.7.
How solid is the balance sheet of Devyser Diagnostics AB (DVYSR)?
Balance-sheet figures for Devyser Diagnostics AB (as of Sep 24, 2026): return on equity 4.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is DVYSR from its 52-week high?
Devyser Diagnostics AB trades at kr 52.30, about 64% below its 52-week high of kr 145.20 and at the low of kr 52.30 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 19.59 is for.
Which stocks are comparable to Devyser Diagnostics AB?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Devyser Diagnostics AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 52.30, calculated fair value kr 19.59 (−63%), Quality Score 63/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DVYSR calculated?
We run Devyser Diagnostics AB through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 19.59, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Devyser Diagnostics AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Devyser Diagnostics AB (DVYSR)?
The closing price on Sep 24, 2026 was kr 52.30. Our model-based fair value is kr 19.59, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Devyser Diagnostics AB right now?
The price sits above even our optimistic bull case (kr 29.68). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 13.98 to kr 29.68) leaves room in how you read the outcome.

Key figures of Devyser Diagnostics AB

How large is the market capitalisation of Devyser Diagnostics AB (DVYSR)?
The market capitalisation of Devyser Diagnostics AB is 1.0B SEK (≈ $102M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Devyser Diagnostics AB (DVYSR)?
The price-to-sales ratio of Devyser Diagnostics AB is 3.95 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Devyser Diagnostics AB (DVYSR)?
Earnings per share at Devyser Diagnostics AB are kr 0.9000 (price ÷ EPS = P/E 58.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Devyser Diagnostics AB (DVYSR)?
The net margin of Devyser Diagnostics AB is −3.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Devyser Diagnostics AB (DVYSR)?
The return on equity (ROE) of Devyser Diagnostics AB is 4.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Devyser Diagnostics AB (DVYSR)?
On an EBIT basis the return on assets of Devyser Diagnostics AB is −7.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Devyser Diagnostics AB (DVYSR)?
The operating margin of Devyser Diagnostics AB is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Devyser Diagnostics AB (DVYSR)?
Revenue at Devyser Diagnostics AB is growing +12.8% versus a year earlier (3y avg +25.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Devyser Diagnostics AB (DVYSR) carry?
The net debt of Devyser Diagnostics AB is 11.9M SEK (fiscal year 2025, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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